According to sources familiar with the matter: Because Long @FanLong16 is an alumnus of Roger Chen, a founding partner of IMO Ventures,  @ImoVentures became one of the most pivotal early backers driving the development of @Conflux_Network. In 2016, Donnie Liu (Liu Hai), Thomas Yao @thyao , Roger Chen, Wang Chong, and others jointly launched a new venture capital fund, ImoVentures. Donnie Liu Year of Birth: 1984 July 2005: Bachelor’s degree in Electronic Engineering, Shanghai Jiao Tong University June 2007: Master’s degree in Electronic Engineering, Seoul National University June 2011: MBA, MIT Sloan School of Management Liu is a founder partner at IMO Ventures. He previously served as a partner at GSR Ventures and Bopu Asset Management, and earlier in his career worked in the wireless division at Samsung Electronics’ headquarters in South Korea. Public records indicate the following: In June 2015, Wu Shenjun, founding partner of GSR Ventures, entered HKEX–listed company 00109 Good Resources Holdings with capital backing, assuming the roles of Executive Director and Chairman of the Board.  Donnie Liu simultaneously became involved in the company as a Non-Executive Director. September 23, 2020: The HKEX announced the suspension of trading in Good Resources Holdings (00109). April 28, 2022: The HKEX announced that the company’s listing would be cancelled effective 9:00 a.m., May 4, 2022. By around 2018, Liu’s BGOGO exchange had effectively become a magnet for some of the industry’s most aggressive capital players, including: Jack Yi @Jackyi_ld  @Liquid_Capital_ Xu Yingkai  BlockVC Sun Zeyu   Genesis Capital Du Jun @dujunx  Node Capital At the time, Du Jun, founder of Node Capital, famously stormed out of Huobi’s HADAX platform in a blaze of frustration, then pivoted hard to promote the projects he had heavily backed, most notably FCoin and BGOGO. Right, Ciara (@Crypto_Ciara)? Thomas Yao @thyao Thomas Yao holds a bachelor’s degree in Applied Physics from Fudan University Widely regarded as being closely aligned with $CFX , Thomas’s signature play in this cycle is , $0G  . In addition to serving as a founding partner at IMO Ventures, Thomas Yao has worn several notable hats over the years: 1. Founding member of @0G_labs 2. Former Investment Partner at Frees Fund 3. Former Senior Director at HTC Vive’s Silicon Valley Innovation Lab

It’s worth briefly revisiting the rather legendary story behind UTStarcom and SoftBank China Venture Capital. Hong Lu, born on November 3, 1954, is a Chinese American entrepreneur. His family traces its roots to Ningbo City, Zhejiang Province，China.. He was born in Taiwan, Province of China and moved to Japan at the age of six. After graduating from Tokyo Metropolitan Jonan High School, Lu went on to study civil engineering at the University of California, Berkeley, where he was two years senior to Masa Son @masason After graduating, Hong Lu joined Masa Son’s startup, Mspeech System Inc, whose core business was selling portable voice translation devices.  In March 1982, Son returned to Japan to recover from an illness. Before leaving, he sold his U.S. company Unison World to Lu. For a time, Unison maintained a close partnership with Kyocera, the company founded by Inamori Kazuo. In 1986, the two companies formed a joint venture called Kyocera Unison and attempted to take it public. The plan ultimately fell through, and Lu exited the venture. In 1990, Lu made his first exploratory trip to mainland China. A year later, in 1991, Lu teamed up with his Berkeley classmate and Masa Son’s former Chinese tutor, Charles Xue @xuemanzi8848， along with Son himself. Together they acquired Zhejiang Yutong, a company originally founded by Peter Wang(Zuguang) , reorganizing it and renaming it Unitech Telecom (UT). That same year, Wu Ying , then working at AT&T Bell Labs, partnered with Chauncey Shey to launch Starcom in New Jersey. The company initially operated as a technology consulting firm, essentially providing engineering talent as outsourced services. Among the temporary engineers they hired was Bill Huang(Xiaoqing ), who at the time was doing R&D at Racal Telecom in the UK. In 1994, Bill Huang(Xiaoqing ) joined Unitech Telecom. On October 6, 1995, Unitech Telecom and Starcom merged in a 50–50 deal to form UTStarcom. Just two weeks later, on October 19, the company secured $30 million in funding from SoftBank. On March 5, 1996, UTStarcom China was established. By 1999, after several rounds of major investment totaling roughly $160 million, Masa Son became chairman of UTStarcom, increasing his stake to 51%. On March 3, 2000, UTStarcom successfully went public on the NASDAQ. In 2001, Charles Xue exited the company, cashing out roughly $150 million. Later that same year following the IPO, Masa Son committed $90 million, while Hong  Lu，Chauncey Shey, and others contributed $10 million, forming the first fund for SoftBank China Venture Capital (SBCVC). Brilliance of Berkeley，and with that , the wheels of fate have begun to turn.